SQM looks to fill van Eyk void
In yet more fall-out from the collapse of research and ratings house, van Eyk, property-focused research firm, SQM Research has announced an expansion of its funds research to include alternative assets and fixed income.
At the same time, the company said it was considering reaching into equities.
In an announcement released today, the company said it planned to appoint experienced individuals to research the specialist sectors and claimed this would mean SQM Research would be the only research house that offered services on both funds research and residential property data.
"Bearing in mind the recent take-over of van Eyk's iRrate platform by competing research house Lonsec, in what appears to be a bid to eradicate competition, SQM Research would like to make clear that it would be wrong to suggest that as a result of the buy-out, competition in the space has decreased completely, and the company looks forward to continuing to be a major player in the research space in the coming year," the SQM announcement said.
SQM managing director, Louis Christopher said the company believed a gap had opened up with the "unfortunate demise of van Eyk".
"With this, our goal is to be the most recognised and respected specialist investment research house in Australia," he said.
Recommended for you
The FSCP has announced its latest verdict, suspending an adviser’s registration for failing to comply with his obligations when providing advice to three clients.
Having sold Madison to Infocus earlier this year, Clime has now set up a new financial advice licensee with eight advisers.
With licensees such as Insignia looking to AI for advice efficiencies, they are being urged to write clear AI policies as soon as possible to prevent a “Wild West” of providers being used by their practices.
Iress has revealed the number of clients per adviser that top advice firms serve, as well as how many client meetings they conduct each week.
